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20121202
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Search Results 0 to 13 of about 14 (some duplicates have been removed)
. number two, as bill clinton and president obama point out, the math doesn't add up when you're trying to do this just on deductions. you need to do both deductions and loopholes and, of course, raise the rate. that's the only way the math works. and as far as hurt the economy, let me say for the 10,000th time, bill clinton raised tax rates on the top 2% in 1993 and we then proceeded to grow the economy by 23 million jobs. so, that's a bunch of bull, speaker boehner. >> let's go back to alex with the same question. i will argue that even though he hasn't specified the deductions or the loopholes he's going to close, the governor is right, there isn't enough at the top to close to make up for this advantage they have now but it seems he's accepting the moral argument. he's saying, the rich should get socked, too. that was an amazing admission for him to say to that. your thoughts. >> i agree with you. the fact that john boehner is out there saying we are asking the rich to pay more in taxes is not something they ever would have done in 2011. if you remember, math by details in the sitdo
's core demand that the top marginal income rates return to the clinton-era levels of 36%, 39.6% after december 21st, the article goes on to say, the additional revenue would be only about a quarter of the $1.6 trillion that mr. obama wants to collect over ten years. why should republicans agree do that. if it's not going to generate enough revenue, congressman? >> well, it's a down payment on the deal. we want to make sure that middle class taxes don't go up by $2,000 january 1st. that's something that i feel the president feels, republicans and democrats should agree on. that's what we can realistically get done in the next few weeks. a straight up or down vote on the senate bill. we have a discharge petition to bring it to the floor of the house to renew the middle class tax cuts. this will continue in terms of figuring out how to balance the budget. but in the meantime, let's not take $2,000 away from every middle class family. >> let's assume you guys get the rate that you're looking for. let's assume that does happen. how are we going to make up for the rest of the revenue? talki
on their first $250,000 on income and for income above that amount, people would go back to paying the clinton era rates. the republican position with a few exceptions, like tom cole, is you know what, too bad. nobody gets tax relief. we republicans will hang out right for that 2%. >> let's talk about the president's position on this. times done changed is perhaps an understatement. my paraphrase of your words. the president in a "new york times" piece today calls attention to the way the president was talking about putting revenue on the table in 2011 versus 2012. he was talking about ending deductions and closing loopholes as a primary way to get revenue on the table which is a different position than he has now. play that sound for everybody so they can remember. sorry. it's a full screen. i will read the quotation. what we said was give us $1.2 trillion in additional revenues which could be accomplished without hiking tax rates but simply accomplished by eliminating loopholes, some deductions and engaging in a tax reform process to lower rates generally while broadening the base. that is d
president clinton to bend to their will or at least so he said on piers morgan last night when he said "we earned president clinton's respect by closing the government twice and being very rough and tumble. we showed we actually were willing to take the heat." mr. wistful himself. newt gingrich. then moving on to the fifth stage of grief. we finally reach the last one which is acceptance. the acknowledgement that i can't fight it. i might as well prepare for it. and, in fact, we're seeing signs that some of the more evolved republicans have reached that stage. a few dozen republicans have actually joined a bipartisan call to find a compromise. they signed a letter calling for the exploration of all options on taxes and entitlement programs. and today, one of them, kay granger of texas said that a demand to raise rates on top earners is, and this is her quote "just the right thing to do." representative mike simpson of idaho told bloomberg news "it's pretty obvious that obama won the election and he promised he was goin
of state hillary clinton said farewell to nato allies during a visit to brussels. as she contemplates the future, she may well be encouraged by a new washington post poll. asked if they would vote for her if she ran for president in 2016, 57% said yes while 37% said no. joining us is our white house correspondent kristen welker. we found out the editor of "the new yorker" said hillary clinton would run in 2016 and dustin hoffman would support her if she ran but what chatter are you hearing around the white house about that? >> reporter: democratic sources tell me the secretary of state just hasn't decided yet. she's still in the process of mulling over this decision. having said that, they also tell me that the political operation is doing what they need to do to preserve the right to run if that's what she decides to do in 2016. that's playing out behind the scenes. publicly we've seen this unfold for quite some time. her president, former president bill clinton, was president obama's key surrogate during this election cycle, setting the stage for president obama to return the favor
circumstances. >> cenk: it is tough. all i can say that benjamin met yahoo was in the hillary clinton video. maybe he's waiting for 2016. thank you for your time tonight. >> thank you eliot. >> e [ ♪ theme ♪ ] >> bill: hey, good morning everybody. what do you say? it is tuesday, december 4. so good to see you today. welcome to the "full court press" here on current tv. your new progressive morning show. the only progressive morning show anywhere on cable television in this country. good to have you with us this morning. we will tell you -- bring you up to date on all of the latest news of the day and take your calls at 1-866-55-press. and word is out this morning that roger ails told david petraeus when he was still in iraq that he should quit and run for president of the united states against barack obama and if he did so, roger ails said he would quit fox news and run his campaign. how about it. don't tell me fox news is not the broadcast arm of the republican party. that proves it! all right. we'll get into that and a w
tax rates for the wealthiest among us an economic growth. first during the clinton administration, the top marginal tax rate was raised on the wealthiest individuals and the economy grew at its fastest rate in a generation. it added more than 22 million jobs. during the following eight years, the top marginal rate dax tax rate was lower, but economy never regained its strength from the reviews decade. job growth slowed and wages stagnated. middle-class families are vulnerable when the recession began at the end of 2007. i hope this hearing is helpful not just in this hearing, but across this country to people who are watching and waiting for congress to act. i will say more at the end about some of our members who are leaving. it has been an honor for me to serve as chairman of this committee and also served with my friend, kevin brady, as vice chair. he has been great to work with. i hope there'll be bipartisan success in congress. i look forward to working with him as i change seats in the senate for the next congress. -- in a sense for the next congress. i am grateful to our wi
. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal, i believe he's got an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we're ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. can you characterize that call? did he have any kind of count offer and we understand that he is making clear that it's got to be increase rates fo
Search Results 0 to 13 of about 14 (some duplicates have been removed)

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